the major averages fell for the first time in five sessions today, as stocks followed oil prices lower on light volume. with many traders out for the jewish new year, volume on the big board fell to 663 million shares. 1.5 billion traded hands on the nasdaq. the materials sector lead the way lower, down 1.5%, followed lower by the financial and energy sectors. in materials, steel-related stocks tested investors metal. j.p. morgan downgraded several players, from overweight to neutral, on weak pricing and demand for steel. coal and iron ore producer cliff's natural resources, a.k. steel, u.s. steel and reliance steel, all down 4% or more. investors also taking a bite out of netflix, after macquarie started coverage at underperform. netflix shares tumbled $3.50 or 6%, to $57.02, the firm's concerned about weak subscriber growth, and the cost of content.